International
Uganda seeks $ 328 million for Kampala-Jinja highway project
Seetao 2020-03-19 16:28
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The Ugandan government is seeking $ 267 million in funding for the Kampala-Jinja Highway project. The money will be obtained from the African Development Bank and the French Development Agency.

Keywords: Overseas engineering projects, African Development Bank, French Development Agency, Kampala-Jinja Expressway Project, Uganda Road, Uganda Transport

Mr David Bahati, Minister of National Planning, filed a loan request. The grace periods for the two loans are 8 and 25 years, respectively. However, the tentative interest of the African Development Bank is 2.25%, and the commitment fee for the unpaid amount is 0.25%.

On the other hand, funds from the French Development Agency will attract a tentative interest rate of 1.5%, while unpaid commitment fees will attract an annual interest rate of 0.5% of the unpaid amount.

Kampala-Jinja Expressway Project

The billion-dollar project is part of the northern trade corridor from Mombasa, Kenya to Kigali, Rwanda. This is a strategic corridor that serves as a maritime trade corridor for Uganda, Rwanda, Burundi, South Sudan, and landlocked countries in the eastern Democratic Republic of the Congo.

Prior to getting into trouble in 2010 due to unknown reasons, the project's preliminary preparations had begun and a feasibility study was carried out. The 95 km project includes: 77 km of the Kampala-Jinja Main Line (KJE) highway. The first 32 km is a two-way four-lane road, and then the remaining 42 km roads are a two-way two-lane road. And an 18km long two-lane city highway in southern Kampala, designed for speeds up to 100 km / h, starting from Butabika in the eastern suburbs of Kampala and connecting with the new Kampala-Jinja Main Highway And then connect Zong Yong.

The project will be the first in Uganda to use a public-private partnership (PPP) model. This means that the contractor awarded the contract will design, build and operate the route for up to 30 years, profiting by collecting tolls before transferring ownership to the state.

To date, road transport is the main mode of transport in Uganda, carrying 95% of passenger and freight transport. Editor / Huang Lijun

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